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USA: DOE Budget a Bonanza for Battery Builders

nnounced on February 14, the Obama administration’s Department of Energy (DOE) budget recommendation is a big valentine to those working on developing batteries for electric vehicles.

As we said last year, the current administration has focused the majority of its vehicle technologies research and development dollars on EVs. This is a significant reversal from the attention given to fuel cell vehicles and biofuels such as ethanol during the second Bush administration. As with last year, the request completely omits funding development for these two technologies, which is a significant blow to the companies developing those alternatives.

For fiscal year 2013, the DOE is requesting a total allocation for the Vehicle Technologies program of $420 million, down from the $588 million requested last year, but still a 27-percent jump over the $329 million that Congress actually approved last year.


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